Eartha
Member
- Joined
- Oct 8, 2009
- Member Type
- Student or Learner
- Native Language
- Chinese
- Home Country
- China
- Current Location
- China
Dear all,
How should I understand the underlined?
Thanks in advance.
Eartha
Our strategies produced mixed results. Credit spreads continued to contract but unexpectedly strong economic data and rising inflation concerns drove a sell-off in the Treasury market. An overweight exposure to mortgage-backed securities contributed to returns on the margin. The sector had its third consecutive month of positive excess returns on strong carry and declining implied volatility.
How should I understand the underlined?
Thanks in advance.
Eartha
Our strategies produced mixed results. Credit spreads continued to contract but unexpectedly strong economic data and rising inflation concerns drove a sell-off in the Treasury market. An overweight exposure to mortgage-backed securities contributed to returns on the margin. The sector had its third consecutive month of positive excess returns on strong carry and declining implied volatility.